Risk Management Planning

Definition

Risk Management Planning

the risk management task of planning the performance of the other risk management tasks

Classification

As illustrated in the preceding figure, Risk Management Planning is part of the following inheritance hierarchy:

• Type: Abstract
• Superclass: Engineering Task
• Subclasses: None

Responsibilities

The typical responsibilities of Risk Management Planning are to:

• Determine the scope of the risk management activity (e.g., determine which of the potential risks may be relevant).
• Plan the other risk management plans.
• Develop the risk management plan.
• Communicate these plans to their stakeholders.

Preconditions

Risk Management Planning can typically begin when the following preconditions hold:

• The endeavor has started.
• The system, application, or center exists.
• At least one of the associated team(s) are:
  • Initially staffed.
  • Adequately trained in risk management tasks and techniques.

Completion Criteria

Risk management planning is typically complete when the following postconditions hold:

• The objectives of the risk management program have been determined.
• The scope of the risk management activity has been determined.
• The overall approach to be used to perform the risk management activities has been determined.
• The responsibilities for performing the risk management tasks have been determined.
• The resources needed to perform the risk management tasks have been determined.
• The risk management plan has been:
  • Produced.
  • Evaluated for quality.
  • Updated based on the quality control evaluation.
  • Approved.
  • Published to its stakeholders.

Because risk management planning is an ongoing task, it is technically complete only when the:

• The endeavor has completed.
• The system, application, or center has been retired.

Steps

Risk Management Planning typically involves members of the relevant management team performing the following steps in an iterative, incremental, parallel, and timeboxed manner:

• Determine the:
  • Objectives of the risk management program.
  • Scope of the risk management activity.
  • Overall approach to be used to perform the risk management activities.
  • Responsibilities for performing the risk management tasks.
  • Resources needed to perform the risk management tasks.
• Develop the risk management plan.

Techniques

Risk Management Planning can typically be performed using the following techniques:

• Content and format standards
• Documentation templates
• Automatic documentation generation from a database of document content

Work Products

Risk Management Planning results in the production of the following work products:

• Risk Management Plan (RMP)

Guidelines

• Perform this task concurrently with the risk identification and risk analysis tasks.
• Maintain the risk management plan as a living document, updating it as necessary.